Felman holds line on Mn alloy prices for May

Manganese alloy supplier Felman Trading Inc., Miami, Fla., is holding its prices steady for May, with the floor price for silicomanganese still at 80 cents per pound and high-carbon ferromanganese at $1,600 per long ton.

Both alloys have seen little price movement in the weeks following the end of second-quarter buying.

"There really isn’t anything going on at the moment," one trader said.

With little consumer activity and poor pricing visibility, traders are unwilling to hold material.

"I’m afraid to buy at 75 (cents per pound),"...


April 28, 2012

00:00 GMT

New York